Jack Ma to remain Alibaba executive chairman, reveal succession plan next week -SCMP citing spokesman

BEIJING (Reuters) – Alibaba Group Holding Ltd’s (BABA.N) co-founder Jack Ma will remain as executive chairman, and will unveil a succession strategy on Monday on his 54th birthday, South China Morning Post reported on Saturday, citing a company spokesman. Ma will provide transition plans over a significant period of time, the spokesman was quoted as saying, adding that the succession strategy is part of a management plan 10 years in the making. 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